ELN » Topics » Contract Revenue

This excerpt taken from the ELN 6-K filed Aug 28, 2009.
Contract Revenue
 
Contract revenue increased 36% to $12.5 million in the first half of 2009 from $9.2 million for the same period in 2008. The increase was primarily related to a licence fee of $7.7 million due from Acorda as a result of Acorda entering into an agreement with Biogen Idec to develop and commercialise Fampridine-SR in all territories outside the United States. Acorda paid this licence fee to us in July 2009.
 
This excerpt taken from the ELN 6-K filed Mar 30, 2009.
Contract Revenue
 
Contract revenue increased 2% to $17.6 million in 2008 from $17.2 million in 2007. Contract revenue consists of research revenue and milestones arising from R&D activities we perform on behalf of third parties or technology licensing. The fluctuation in contract revenue was primarily due to the level of external R&D projects and the timing of when the milestones are earned.
 
This excerpt taken from the ELN 20-F filed Feb 26, 2009.
Contract revenue
 
Contract revenue was $20.0 million in 2008, $21.5 million in 2007 and $19.0 million in 2006. Contract revenue consists of research revenue and milestones arising from R&D activities we perform on behalf of third parties or technology licensing. The fluctuations between years in contract revenue were primarily due to the level of external R&D projects and the timing of when the milestones are earned.
 
This excerpt taken from the ELN 6-K filed Mar 31, 2008.
Contract Revenue
 
                   
    2007
  2006
  % increase/
    $m   $m   (decrease)
 
Biopharmaceuticals contract revenue
    7.3        
EDT contract revenue
    17.2     14.8     16%
                   
Total contract revenue
    24.5     14.8     66%
                   
 
Contract revenue consists of research revenue and milestones arising from R&D activities we perform on behalf of third parties. Total contract revenue increased 66% to $24.5 million in 2007 from $14.8 million in 2006. The increase in contract revenue within both of our Biopharmaceuticals and EDT businesses were primarily due to the timing of milestone receipts.
 
This excerpt taken from the ELN 20-F filed Feb 28, 2008.
Contract Revenue
 
                                         
                      % Increase/(Decrease)  
    2007     2006     2005     2007/2006     2006/2005  
    (In millions)              
 
Biopharmaceuticals:
                                       
Amortized fees
  $ 2.0     $ 8.5     $ 12.1       (76 )%     (30 )%
Research revenues/milestones
    7.3                          
                                         
Total Biopharmaceuticals contract revenue
  $ 9.3     $ 8.5     $ 12.1       9 %     (30 )%
                                         
EDT:
                                       
Amortized fees
  $ 4.3     $ 4.2     $ 4.3       2 %     (2 )%
Research revenues/milestones
    17.2       14.8       15.8       16 %     (6 )%
                                         
Total EDT contract revenue
  $ 21.5     $ 19.0     $ 20.1       13 %     (5 )%
                                         
Total contract revenue
  $ 30.8     $ 27.5     $ 32.2       12 %     (15 )%
                                         
 
Contract revenue consists of research revenue and milestones arising from R&D activities we perform on behalf of third parties or technology licensing. The fluctuations between years in contract revenue within both of our Biopharmaceuticals and EDT businesses were primarily due to the timing of milestone receipts.
 
This excerpt taken from the ELN 6-K filed Mar 30, 2007.
Contract Revenue
 
Contract revenue, which consists of research revenue and milestones arising from R&D activities we perform on behalf of third parties, totalled $14.8 million in 2006, compared to $15.3 million in 2005, a decrease of 3%. The decrease in contract revenue was primarily due to the timing of milestone receipts and a reduction in R&D activities for third parties.
 
This excerpt taken from the ELN 20-F filed Feb 28, 2007.
Contract Revenue
 
                         
                % Increase/
 
    2005     2004     (Decrease)  
    (In millions)        
 
Amortized fees
  $ 16.4     $ 17.6       (7 )%
Research revenues/milestones
      15.8        59.7        (74 )%
                         
Total contract revenue
  $ 32.2     $ 77.3       (58 )%
                         
 
The decrease in contract revenue of 58% in 2005 is principally due to a reduction in research revenue and milestones arising from R&D activities we perform on behalf of third parties. The reduction resulted from, among other things, the timing of milestone receipts, the completion of transitional R&D activities related to certain divested products, and the suspension of activity related to Sonata.
 
This excerpt taken from the ELN 6-K filed Mar 31, 2006.
Contract Revenue
Contract revenue, which comprises research revenue and milestones, totalled $15.3 million in 2005, compared to $73.0 million in 2004, a decrease of 79%. The decrease is due to a reduction in research revenue and milestones arising from R&D activities we perform on behalf of third parties. The reduction resulted from, among other things, the timing of milestone receipts, principally related to milestone payments of $14.0 million received in 2004 (2005: $Nil) for Tysabri from Biogen Idec, a reduction in R&D activities, and the suspension of activity related to Sonata.
44 Elan Corporation, plc 2005 Annual Report


Table of Contents

Financial Review
This excerpt taken from the ELN 20-F filed Mar 30, 2006.
Contract Revenue
 
                         
                % Increase/
 
    2004     2003     (Decrease)  
    (In millions)        
 
Amortized fees
  $ 17.6     $ 49.6       (65 )%
Research revenues/milestones
    59.7       49.3       21 %
                         
Total contract revenue
  $ 77.3     $ 98.9       (22 )%
                         
 
Included in amortized fees for 2003 is $35.2 million related to the business ventures that were restructured or terminated as part of our recovery plan. There were no revenues related to the business ventures in 2004 and, consequently, amortized fees for 2004 decreased by 65% from 2003.
 
The increase in research revenues/milestones primarily reflects increased activity coupled with the timing of the achievement of milestones.
 
This excerpt taken from the ELN 6-K filed Oct 27, 2005.

Contract Revenue

 

Contract revenue in the third quarter of 2005 was $10.2 million, a decrease of 34% from the $15.4 million recorded in the third quarter of 2004, principally due to a reduction in research revenue and milestones arising from research and development activities performed by Elan on behalf of third parties. The reduction resulted from, among other things, the timing of milestone receipts, the completion of transitional research and development activities related to certain divested products and the suspension of activity related to Sonata™.

 

This excerpt taken from the ELN 6-K filed Jul 28, 2005.

Contract Revenue

 

Contract revenue in the second quarter of 2005 was $7.0 million, a decrease of 53% from the $15.0 million recorded in the second quarter of 2004, principally due to a reduction in research revenue and milestones arising from research and development activities performed by Elan on behalf of third parties. The reduction resulted from, among other things, the timing of milestone receipts, the completion of transitional research and development activities related to certain divested products (principally Skelaxin, Zelapar™ and Zonegran) and the suspension of activity related to Sonata™.

 

This excerpt taken from the ELN 6-K filed Apr 11, 2005.

Contract Revenue

Research revenue and milestones totaled $74.1 million in 2004 compared to $49.5 million in 2003, an increase of 50%. The increase primarily reflects increased activity coupled with the timing of the achievement of milestones, principally related to the milestone payments of $14.0 million (2003: $Nil) for Tysabri from Biogen Idec.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki